B & O Information

1. The threshold for paying B&O tax to the City of Olympia has increased from $3,600 per year of gross income to $20,000 if filing an annual return. If a quarterly return is filed the threshold is $5,000 (most filers with less than $20,000 per year will file annual returns). Even if under $20,000 per year reporting may still be required.

2. Included in the expanded exemptions is an exemption for non-profit organizations, which are exempt from federal income tax under section 501-c-3 of the Internal Revenue Code, except with to respect to retail sales of those organizations.

Tax Rate Table

Extractor

0.1%

Manufacturer

0.1%

Wholesale

0.1%

Retail Sales

0.1%

Retail Service

0.1%

Printing

0.1%

Service & Other

0.2%

New Tax Category: Retail Service

Amusement & recreation

Abstract, title insurance & escrow

Credit bureau

Automobile parking & storage garage

Landscape maintenance & horticultural

Service charges associated with tickets to professional sporting events

Deductions

The amount of credit losses actually sustained by taxpayers whose regular books of account are kept upon an accrual basis

Amounts derived from business which the city is prohibited from taxing under the Constitution or laws of the state or the Constitution or laws of the United States and any amounts collected by the taxpayer as an excise tax.

Membership fees for non-profit youth organizations

Income from business activities of artistic and cultural organizations from government grants, tuition and income from business activities excluding retail sales

Artwork manufactured by artistic or cultural organizations for exhibitions

Day care activities by organizations organized under IRC 501(c)(3)

Governmental grants for social welfare organizations

Interest on investments or loans secured by mortgages or deeds of trust

Interest on Federal, State or Municipal obligations

Interest on loans to farmers and ranchers, producers or harvesters of aquatic products or their cooperatives

Receipts from tangible personal property delivered outside the State

Home owners association and associations of property, owners, amounts used for maintaining common property and buildings

Sales of metal bullion and monetized bullion

Rent for boarding homes

Radio and television broadcasting advertising fees for interstate advertising.

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Homelessness is the most significant and urgent public concern facing our community. Visit our updated Homelessness web page for the latest on the City's immediate, emergency actions and work toward long-term solutions.